King Richard Motel Investment
For Sale
$1,600,000
32490 VAN DYKE Ave, Warren, MI 48093
Renovated 19-unit motel with high visibility and income potential.
Property SizeContact for details
Lot Size0.63 Acres
Days on Market266
Property Features for 32490 VAN DYKE Ave
General Information
Standard status
Active
Lot size
0.63 Acres
Property subtype
Commercial
Building Details
Year Built
1950
Listing Agency:
Brookstone, Realtors LLC
(810) 459-9217
Listed By:
Tariq Herish · License #MISPE-6501293554
(810) 459-9217
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 13
Last Checked: Aug 21 at 12:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brookstone, Realtors LLC
Investment Insights
Based on property information with market context.
The King Richard Motel presents a significant investment opportunity. This property features 19 units, designed for extended stays, and one apartment. Situated on Van Dyke Ave, the motel benefits from 229 feet of frontage and high visibility, with over 52,000 vehicles passing daily. The property, zoned C-1, occupies 0.63 acres in a busy commercial area near established national retail brands. Recent renovations in 2024, exceeding $100,000, have modernized the motel. The conversion to an extended stay model has improved revenue, with a gross income of $300,960 and a net income of $243,056, resulting in a 14.3% cap rate. Ample parking and room for expansion are available. Land contract terms are available.
Key Highlights
- High 14.3% Cap Rate based on a net income of $243,056.
- Renovated in 2024 with over $100,000 invested.
- Gross income of $300,960 from 19 motel units and 1 apartment.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48093, MI
24,780
Population
10,480
Households
2.4
Avg Household Size
43
Median Age
26%
College-Educated
91%
High-School Grad
5.9 sq mi
ZIP Area
4,200
Density / Sq Mi
$66,420
Median Household Income
$42,685
Median Earnings
$1,123
Median Rent
$197,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Motel - Renovated 19-unit motel with high visibility and income potential.
Where is this motel located?
The property is located at 32490 VAN DYKE Ave Warren, MI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: High 14.3% Cap Rate based on a net income of $243,056.; Renovated in 2024 with over $100,000 invested.; Gross income of $300,960 from 19 motel units and 1 apartment.
